Sarbanes-Oxley-Disclosures of Internal Control Issues

Sarbanes-Oxley-Disclosures of Internal Control Issues

Subject: Business    / Accounting
Question

Sarbanes-Oxley:

Disclosures of Internal Control Issues

The Session Long Project provides an opportunity to apply ideas and concepts for each module to a real world situation. The assignment has two parts. It is important that you use the same companies for all future SLPs.

Part I

Your specific assignment for this week is to select two publicly held corporations for your project, one domestic corporation and one foreign corporations. Indicate the name of the companies, a link to the home page of the companies. Also, comment on your interest in the company and how you expect to benefit from the analysis.

Part II

Find information in the annual report, 10-K, or other type of report issued by the corporations. Corporations traded in the US must report and file information with the SEC regarding certain auditor events. Locate information about internal control and internal auditing issues. Include the following areas in your discussion.

Discuss section 404 disclosures.
Any other specific standards followed?
Other internal control issues.
Other internal auditing-related issues expressed in corporate filings.

Always include the name of the organization(s), time period covered and source of information. It is important to answer the questions as posed. The document should be from 3 to 5 pages and written in a clear and concise manner. Don’t forget to include tables as required. Support your discussion or tables with references in APA format. You are encouraged to use Excel or other compatible spreadsheet when computations are involved. You can turn in the spreadsheet instead of the Word document. The content should be equivalent to the page length suggested for a word processing document.